[ad_1] Trump has also called for Tan to resign over conflicts of interest [File] | Photo Credit: REUTERS Intel announced a series of top executive changes on Monday, including the departure of products chief Michelle Johnston Holthaus, at a time when CEO Lip-Bu Tan intensifies efforts to turn around the struggling U.S. chipmaker. Holthaus, who […]
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[ad_1] July 2025 has seen the highest number of layoffs in recent years. From Microsoft to Intel, numerous tech giants announced sweeping layoffs. While the surge of Artificial Intelligence (AI) technologies has been partly blamed, a majority of the organisations attributed their job cuts to ongoing organisational restructuring and efforts to foster “leaner” teams across […]
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[ad_1] July 2025 has seen the highest number of layoffs in recent years. From Microsoft to Intel, numerous tech giants announced sweeping layoffs. While the growing adoption of artificial intelligence (AI) tools has been partially blamed, organisations attributed their job cuts to ongoing organisational restructuring and efforts to foster “leaner” teams across the board. This […]
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[ad_1] Intel had roughly $100 billion of chipmaking equipment as of June 28 [File] | Photo Credit: REUTERS Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories. New CEO Lip-Bu Tan said on Thursday […]
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[ad_1] Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.” The job cuts – a majority of which have […]
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[ad_1] This seems to be the bloodiest July ever for working professionals in the tech industry. The industry that was once known for rapid innovation, sky-high salaries, amenities, job security, and more is undergoing a monumental shift. July began with Microsoft announcing that it is laying off 9,000 from its workforce, a part of the […]
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[ad_1] The spate of layoffs in the IT sector seems to be moving forward unabated. Earlier this month, Redmond-based tech giant Microsoft announced that it was laying off 9,000 employees, now chipmaker Intel is reportedly gearing up for its biggest job cuts yet. Several reports seem to be suggesting that Intel is gearing up to […]
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[ad_1] FILE PHOTO: Intel is reportedly planning to layoff between 15% to 20% of its factory workers. | Photo Credit: Reuters Intel is reportedly planning to layoff between 15% to 20% of its factory workers, The Verge stated adding that most of these cuts would be implemented in July. The outlet cited a memo seen […]
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